Investment in New Semiconductor Plant in Texas, US

Samsung Electronics Co. Ld

23 December 2024

 

Investment in New Semiconductor Plant in Texas, U.S.

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("Samsung

Electronics" or the "Company"), on December 23, 2024, announced the following

matters.

1. Title: Investment in New Semiconductor Plant in Texas, U.S.

2. Main Points

  - Samsung Electronics has signed a Direct Funding Agreement (DFA) with the U.S.
Department of Commerce for semiconductor subsidies of USD 4.745 billion under
the CHIPS Act.

- The projected investment of USD 37 billion or more will be allocated to cover
construction and equipment costs, with operations tentatively set to commence in 2026.

- However, the target date of commencement and investment amount may change
depending on the situation of the Company and/or the market, etc.

- Samsung Electronics plans to expand its capacity for production of
semiconductors through this investment to address growing demands for core,
cutting-edge system semiconductors as well as to contribute to the stabilization of the
global semiconductor supply chain.

3. Decision Date (Confirmation Date): December 21, 2024

4. Other important information regarding investment decisions

- The Decision Date refers to the announcement date of the DFA with the U.S.
Department of Commerce.

- The schedule and investment amount mentioned above are forward-looking
statements and are subject to change depending on the situation of the Company
and/or the market, etc.

 

END